This was the reason that I sold out (but mainly to move money elsewhere).
I think it should still do well because it’s still cheap but given they were operating on negative gross margins during the last downturn it is particularly concerning. I also don’t think they’ve adequately decreased their fixed cost base.
That being said it is clear that oil is moving offshore again so there are at least a few good years to come- I just hate holding stuff I know I am going to have to flip when the tide turns, particularly when some pretty accomplished investors will all be looking to do the same thing...
- Forums
- ASX - By Stock
- MCE
- Ann: Matrix proceeding with $20m sale and leaseback
Ann: Matrix proceeding with $20m sale and leaseback, page-3
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MCE (ASX) to my watchlist
(20min delay)
|
|||||
Last
34.5¢ |
Change
0.010(2.99%) |
Mkt cap ! $75.74M |
Open | High | Low | Value | Volume |
34.0¢ | 35.0¢ | 34.0¢ | $29.84K | 87.26K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 30123 | 34.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 66000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30123 | 0.340 |
1 | 2985 | 0.335 |
3 | 44345 | 0.330 |
1 | 54000 | 0.325 |
2 | 59328 | 0.320 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 66000 | 2 |
0.360 | 1115 | 2 |
0.365 | 64307 | 1 |
0.370 | 56000 | 1 |
0.375 | 100000 | 1 |
Last trade - 11.55am 12/07/2024 (20 minute delay) ? |
Featured News
MCE (ASX) Chart |